There have been several important recent developments for **Johnson Controls International Plc (JCI)**. First, **D.A. Davidson & CO.** acquired 6697 shares of the company, followed by news of JCI announcing cash tender offers for up to $90 million in aggregate principal amount of senior notes. Despite a 5.3% drop since the last earnings report, the company’s stock has consistently outperformed competitors. Hedge fund Soroban Capital has built a sizeable stake in the company, bolstering confidence in the stock. Despite a modest dip as earnings guidance fell below expectations, JCI reported solid Q2 results and asserted the company has made significant progress towards its sustainability targets for 2024. The company was named one of the world’s most ethical companies by Ethisphere. However, JCI has received a consensus rating of “Hold” by analysts, prompting potential investors to remain cautious.
Johnson Controls International Plc JCI News Analytics from Mon, 20 Nov 2023 08:00:00 GMT to Sun, 26 May 2024 11:50:18 GMT -
Rating 7
- Innovation 5
- Information 8
- Rumor -2
